Investment Opportunity - Price Reduced 11624 E State Road 250 31,094 SF Industrial Building Crothersville, IN 47229 $2,365,000 ($76.06/SF)

INVESTMENT OPPORTUNITY
Opportunity to acquire a fully leased industrial investment property located near Interstate 65 in Crothersville, Indiana. The offering includes a ±31,094 SF industrial facility together with an adjacent ±1.3-acre parcel featuring a tenant-occupied single-family residence, providing supplemental rental income and additional future flexibility.
The industrial facility is fully leased under a triple-net lease, providing stable in-place income with no immediate lease-up required. The property features clear-span construction, approximately 1,000 SF of office space, three dock-high loading doors, five overhead doors, compressed-air lines throughout, runway rail systems, full-building heat, 1,200-amp, 480-volt three-phase electrical service, and ceiling heights ranging from approximately 11 to 24 feet.
Strategically positioned along State Road 250 near the I-65 interchange at Exit 41, the property provides convenient regional access to Indianapolis, Louisville, Cincinnati, and Southern Indiana manufacturing corridors.
INVESTMENT HIGHLIGHTS
• Fully leased industrial investment property
• Triple-net industrial lease in place
• Stable in-place income with no immediate lease-up required
• Estimated in-place cap rate of approximately 6.85%
• Supplemental income from tenant-occupied residence
• Two parcels totaling approximately 4.5 acres
• Convenient access to Interstate 65
• Well-maintained clear-span industrial facility
• Three dock-high loading doors and five overhead doors
• Potential fit for industrial investors and 1031 exchange buyers
ADDITIONAL PARCEL INCLUDED
The offering includes the adjacent parcel at 11566 E State Road 250, consisting of approximately 1.3 acres with a tenant-occupied single-family residence that generates supplemental rental income.
The parcel was originally acquired by ownership to accommodate potential future expansion of the industrial operation and provides additional flexibility for future expansion or redevelopment, subject to zoning, governmental approvals, and existing lease rights.
The estimated cap rate is based on industrial base rent plus gross residential rental income and does not account for potential expenses associated with the residential property. Buyers should independently verify all income, expenses, lease terms, property information, and permitted uses.